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20121219
20121219
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KTVU (FOX) 1
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FOX
Dec 19, 2012 4:00am PST
. in today's first look what is the market telling us? stocks rallied once again yesteday..in what traders view as a sign a deal to avert the so called fiscal cliff.. is highly likely. money pulled out of gold -- which is considered a safe haven.. and instead went into equities.. as well as oil. shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for trader talk with larry shover of sfg alternatives. hi larry. good morning. what's going on with this market? are they rallying into the news of a possible deal on the fiscal cliff or we see an even bigger relief rally when the deal is done? i think yes and yes. i think the market is expecting a deal to get done and we're just making up for lost time. let's keep in mind that back in september we were willing to pay 14 times multiple for the stock market. that would put the s &p at 1500 so it's really been stagnant and we're just rallying maki
Search Results 0 to 0 of about 1